Thoughts on VCMT (Dare) and Onyx
Hey all,
Was wondering if I could get some thoughts on getting offers from either of the two firms up top.
I understand that both firms are mainly market makers in the energy derivatives trading but with little to no physical presence. Would this be considered a disadvantage especially at the start of your career out of undergrad, and also what are some exit opps I'd be looking at in the next 5-10 years.
The idea of being able to be trading extremely quickly and promoted to head of desk within 1-2 years is a huge aappeal to me.
Comments (10）
从一个超级jor的一个朋友，另一个大型能源道具公司的朋友，我听说过有关VCMT的不错的代表 - 显然是一种非常不愉快的文化，学习的机会较小，由一个拥有非常大的自我的人经营的，这不是您想要的组合。如果您没有其他选择，请带它们，但是如果您有其他报价，请确保您正确地解决问题！GL :)
As mentioned before, VCMT has a not-so-friendly culture, which I guess comes as part of the deal when you are in such a high-stakes environment. And yes, you can become head of desk in 1-2 years, but that's because you work 6am to 10pm trading all markets rather than standard trading hours. Hope that helps somewhat.
如果我愿意投入工作并磨碎那些小时，那会让牺牲值得吗？
好吧，这就是您必须做出的决定。我个人认为这是不值得的，并在IBin S&T. But if you are set on being a energy trader + have thick skin to thrive in that environment, I expect you will learn a lot and have way more exposure to markets compared to someone who goes to a regular oil firm who won't really make any trades/PnL直到2 - 3年才。再一次，我从来没有在那里工作，所以我只有2美分，也可能值得问别人，然后再决定。
Appreciate am probably late to the party here, but wanted to add my two cents
在这个时间点，Onyx似乎做得更好 - 他们刚刚在新加坡开设了办公室，我有望相信
Dare (formerly Vercer, or VCMT) has the reputation of a brutal culture, however I understand the two co-founders have stepped away from running desks themselves (likely because, asBloomberg reports, they're allegedly beinginvestigated by the DoJ for market manipulation）
The skills you learn at either firm won't be scaleable in the sense of transitioning after 5yrs or so to a bank / fund / major / trading house
这样做的原因是，作为做市商，他们提供流动性的主要手段正在跨曲线结构跨越曲线，以利用小规模的25-50美分效率低下以获得利润 - 您可能会学到很少的关于解释物理流动的解释，了解Premia动态或基本宏观经济景观的影响
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Learn moreFrom these firms you can exit to marketmakers like optiver/sig/js…？
Not to seem so pessimistic about the whole situation, but unlikely
The market making of Dare, Onyx, Mandara, and the like are solely focused on delta-one products: namely, timespreads and arbs (incl. cracks, EW, etc.)
Optiver, TwoSigma, andJane Street是：i）更定量的（敢于敢等的专业。位于OTC，语音交易市场，而OP / TS / JS将在更大程度上进行交换[读：在屏幕上]和算法驱动）；ii）还将涉及更多细微的衍生产品（例如选项）
Not to seem so pessimistic about the whole situation, but unlikely
The market making of Dare, Onyx, Mandara, and the like are solely focused on delta-one products: namely, timespreads and arbs (incl. cracks, EW, etc.)
Optiver, TwoSigma, andJane Street是：i）更定量的（敢于敢等的专业。位于OTC，语音交易市场，而OP / TS / JS将在更大程度上进行交换[读：在屏幕上]和算法驱动）；ii）还将涉及更多细微的衍生产品（例如选项）
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